Sorry, I have shown my limited knowledge of oil prospects. Al Khayr prospect is in the Cap Boujdour block and Kosmos unabiguously state that Atwood Achiever will drill it starting 'late in the fourth quarter.'
Cairn's Interim Management Statement of 30th October says: "One exploration well planned to commence on the Cap Boujdour contract area December 2014." As Kosmos' drill is 'one exploration well on the Cap Boujdour contract area,' it still leaves Cairn's Cajun Express drillship with free time to sail on to Mauritania and spud C19. Nevertheless, there is nothing to suggest this in Cairn's IMS.
Just read both Q3 results. Kosmos are sending Atwood Achiever drillship to start with Al Khayr prospect (previously called Gargaa). Cairn plan to use Cajun Express' spare slot to drill Cap Boujdour. I'm a little surprised and disappointed Cairn chose Cap Boujdour because they only have 20% non-operator interest, whereas they could have taken their option to become operator of our C19 block.
Always the bridesmaid...........
How slow can you be and still call yourself a 'fast' follower?
Adonis was one - he bought in the placing them also on the open market ... an extra £1m worth .. A non exec who was outside of the close period rules buying for his trust based out of Guernsey ... Nice ,-)
Moron , the positives are , the oil spec market is at bottom, the share price is at bottom, the sentiment is at bottom, oil price is at a 4 year bottom... I would never invest a penny if this was the reverse.... However seems you would, so in reality seems to me. All us long termers have to worry about is a little more short term paper downside at worst ( which we can all accumulate more on ) and potentially life changing ( if you have the numbers like a few of us do) upside when we start doing want we will do... You are chaff Mate, nothing else, white noise, clutter.... If you think you know the drilling game, care to advise us why you think this will get worse when we actually announce firm, positive drilling plans and recoup more back costs on tier 2 farm outs. As I said, chaff, clutter and white noise... Bla bla..
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